TOPIC

Capital gains tax

US congresswoman Alexandria Ocasio-Cortez, posing for a photo with fashion designer Aurora James, attends the Met Gala in New York City on September 13, 2021 wearing a dress printed with the words “tax the rich”. The slogan has been a rallying cry for Democrats as they seek to remake the social safety net in the US. Photo: Getty Images / AFP

Outside In | Why global tax on super rich is least bad option to tackle crises

Amid the current wave of adversity, the wealthiest among us must acknowledge they are obliged to dig deeper into their pockets.

Amid the current wave of adversity, the wealthiest among us must acknowledge they are obliged to dig deeper into their pockets

13 Sep 2024 - 4:30PMvideocam

Opinion | Richer nations should not stand in the way of a fairer global tax system

2 Aug 2024 - 5:33PMvideocam

Opinion | From education to taxes, how China can boost demand and drive growth

5 Jul 2024 - 5:50AMvideocam

Hong Kong’s spot crypto ETFs have one big attraction: no tax

Spot bitcoin and ether ETFs in Asia could be attractive to investors looking to avoid US tax laws, but the market is still relatively ‘tiny’.

16 Apr 2024 - 6:30PM

An advertisement for bitcoin displayed on a tram in Hong Kong on May 12, 2021. Photo: AP Photo

Opinion | Why it’s time for Hong Kong to go the way of Singapore on GST

With the city facing a massive deficit, it must prioritise spending where it matters and find new sources of revenue. A goods and services tax implemented at the wholesale level might not be too onerous, and would reassure investors in government bonds of the city’s financial health.

26 Feb 2024 - 12:13PM

Hong Kong finance chief rules out capital gains tax for ‘foreseeable future’

The introduction of a capital gains tax was just a suggestion brought up during the budget consultation period, Paul Chan has told the Post.

18 Jan 2024 - 11:26AMvideocam

Hong Kong may take ‘year or two’ extra to achieve budget surplus, Paul Chan says

Finance chief says surplus may take longer than original estimate of 2025-26 financial year and also offers assurances that efforts to secure new land will continue despite developers’ lack of appetite.

6 Jan 2024 - 9:41PM

Hong Kong authorities will take a consolidated approach to spending in the coming year, the city’s finance chief has said. Photo: Dickson Lee

Will rolling back stamp duties put Hong Kong’s property market back on track?

We look at the impact of the policy and monetary moves since 2009 to cool home prices. Now, stakeholders want the government to roll these back. But will that have the desired effect?

23 Oct 2023 - 7:35AMvideocam

Scrapping Hong Kong property curbs insufficient to fix ailing sector: analysts

An improved economy, a better jobs outlook and a turnaround in stock market performance are also needed to boost homebuying confidence and sentiment in the city, they say.

28 Sep 2023 - 8:00PM

‘Warning signal for the wealthy’: Xi signals new front in inequality fight

President Xi Jinping’s report to the 20th party congress signalled more robust regulation to evenly distribute the spoils of China’s rapid development, sparking speculation about who might be targeted and how.

18 Nov 2022 - 3:52PMvideocam

105

China’s former paramount leader Deng Xiaoping popularised the slogan “common prosperity”, but its use has surged under Xi Jinping. Photo: AFP

Tax the rich? 5 ways Singapore might tackle wealth inequality

The Southeast Asian financial hub has been a magnet for the well-to-do thanks to its low tax rates and modern infrastructure. But it’s already planning to raise income taxes – and its next prime minister has indicated that the government needs to do more to tackle inequity.

17 Aug 2022 - 9:03AM

Lawrence Wong, Singapore’s prime minister-in waiting and current finance minister, speaks during an interview on Monday. Photo: Bloomberg

Concrete Analysis | A smart way for newly arrived Hongkongers to pay the UK’s global tax

Hongkongers starting afresh in the UK have to quickly come to terms with the UK’s tax system. While there’s no way to avoid paying tax, there are a few ways to ease that burden.

24 May 2022 - 12:01PMvideocam

Shanghai, Chongqing show how buyers ignored China’s property tax

China’s government, harking to its socialist roots, is anxious to make housing affordable to young families particularly during politically significant periods such as the ruling Communist Party’s centenary in 2021.

28 Oct 2021 - 10:27PM

How does China’s property tax plan fit Beijing’s ‘common prosperity’ drive?

China plans to trial property taxes in certain parts of the country as the next step in its ‘common prosperity’ drive to reduce inequality.

27 Oct 2021 - 11:05PMvideocam

China’s property market has been a driver of wealth over the past two decades. Photo: Bloomberg

My Take | Deficits, anyone? Time for a Hong Kong capital-gains tax

Why should Hong Kong’s wage slaves pay up to two months of their earnings in taxes while profitable stock punters and property speculators – and our tycoons – get to keep all their gains?

28 Apr 2021 - 1:14AMvideocam

Unlike most developed economies, Hong Kong does not have a capital-gains tax. Photo: Edmond So

Fat valuations, tech stocks seen vulnerable under Biden’s wealth tax plan

Stocks that have gained the most may get hit hardest in the short-term drawdown, a lit that would include Tesla, FAANG block of tech megacaps and other S&P 500 members with more than 200 per cent gain in the past 12 months.

23 Apr 2021 - 10:28AMvideocam

Homebuyers forewarned as governments impose wealth tax to fund stimulus

Homebuyers could face higher transaction costs globally as governments raised wealth taxes or mulled new ones to refill state coffers after spending almost US$20 trillion in stimulus to keep economies afloat during the pandemic.

3 Mar 2021 - 9:05AMvideocam

Opinion | Why Hong Kong should not raise taxes on gambling and stock trading

Any tax review must ensure the city stays competitive: raising taxes on gambling and stock trading will only penalise excellence and drive punters underground, costing the government much-needed revenue.

21 Feb 2021 - 9:53AMvideocam

The Hong Kong Jockey Club has managed to continue horse races throughout the pandemic, providing a steady source of revenue to the government and to its charitable organisations. Photo: Kenneth Chan

Hong Kong should enact group tax loss regime, advisory group says

Hong Kong’s economy contracted for the fourth consecutive quarter in the three months ended June, forcing the local government to dig deep for ideas to stanch the slump, restore confidence and restart activity.

7 Aug 2020 - 10:53PM

Monaco’s luxury property outshines Hong Kong, New York’s dizzying prices

Monaco’s tiny principality and friendly tax regime are irresistible magnet for the ultra-rich and celebrities, making its luxury property market more expensive than in Hong Kong and New York.

7 Jul 2020 - 6:19PM

Letters | The new capitalism must be transparent to be sustainable

Calls to ‘reboot’ capitalism, and the new Business Roundtable pledge, are both welcome and necessary. But only with universal and high-quality disclosure can words be turned into actions.

30 Sep 2019 - 6:30AMvideocam

Activists stage a protest against the backdrop of a mock tropical island beach representing a tax haven, outside a meeting of European Union finance ministers in Brussels, Belgium, in December 2017. Improved corporate disclosures include recognising the sustainability impacts and relevance of issues such as tax payments. Photo: Reuters

Chinese buyers rent out German property to fellow mainlanders

Executives from the Chinese community are buying flats across the country.

18 Jul 2019 - 4:45PM

Residential buildings in Berlin’s Friedrichshain district. Photo: AFP

Korea property boom fizzles out as investors balk at tax change plan

Real estate funds and private real estate investment trusts, which enjoyed lower levels of tax, will have same tax applied to them as regular companies

21 May 2019 - 7:17PM

How Sun Yat-sen, Singapore can help China avoid a housing bubble

There is an answer to Beijing’s property bubble conundrum: either a single tax on land value that Sun argued for, or a pragmatic land tenure system that Singapore has adopted.

19 Oct 2018 - 7:10AMvideocam

The CEO of Athenex says Hong Kong needs to do more to draw innovative firms

26 Sep 2018 - 5:38PM

Athenex CEO Johnson Lau Yiu-nam has urged Hong Kong to be more proactive in attracting biotechnology companies to set up in the city. Photo: Roy Issa

Rethink needed on taxes in era of intangible investments

As those profiting from technological progress are increasingly paid in stock options, and companies invest more in intangible assets like data, branding and software, a change in tax rates may be necessary to pay for public services.

12 Jul 2018 - 10:29PM

Mario Draghi, president of the European Central Bank and chairman of the European Systemic Risk Board, is among those sounding the alarm over the dip in productivity growth, potentially leading to declines in per capita income and output. Photo: EPA-EF

Why China’s high-income earners dread the new tax law due in January

9 Jul 2018 - 9:00AM

China ‘not ready’ for US-style whole family income tax

20 Mar 2018 - 4:10PM

Help preserve 120 years of quality journalism.

SUPPORT NOW

Capital gains tax

A capital gains tax (CGT) is a tax on capital gains, the profit realised on the sale of a non-inventory asset that was purchased at a lower price. The most common capital gains are realised from the sale of stocks, bonds, precious metals and property. Not all countries implement a capital gains tax and most have different rates of taxation for individuals and corporations.

last updated:

9 September, 2024